To The Moon

U.S. stocks closed higher on Monday, led by gains in energy shares as the market continued to focus on corporate earnings and awaited July payrolls data. The Dow rose 3.2 percent, its second straight monthly gain. The Nasdaq rose more than 0.2% for a monthly gain of 4.05%, while the S&P edged up 0.15% for a monthly gain of 3.12%, marking its fifth consecutive month of gains and its longest winning streak since 2021.

Following Microsoft's better-than-expected earnings this week, Apple, Amazon and Qualcomm will release their latest earnings this week, and large tech stocks will continue to be the focus of investors, while waiting for the release of non-farm payrolls data this week.

Hopes of a soft landing for the U.S. economy have surged in recent weeks as economic data showed continued strength in the labor market and second-quarter earnings continued to beat.

Chicago Fed President Austan Goolsbee, a member of this year's Federal Open Market Committee, said the data showing slowing inflation was excellent news, but he had not yet decided whether to support a pause in rate hikes at the next meeting.

$SoFi Technologies Inc.(SOFI)$ posted second-quarter results that beat analysts' expectations, sending its shares up 19.9%. In the three months to the end of June, SoFi's total net income rose 37 percent to $498 million, driven by strong growth in personal loan issuance, more than doubling its net interest income (NII) to $291.1 million. The company said it expected to turn a profit for the first time in the fourth quarter of this year. The company's total deposits grew 26 percent to $12.7 billion in the quarter, driven by a 44 percent increase in its customers to more than 6.2 million.

The first and second highest volume options large orders show bullish sentiment:

buy $SOFI 20230804 9.5 CALL$

sell $SOFI 20240119 12.5 PUT$

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Option buyer open position (Single leg)

Highlight order:

$META 20231117 270.0 CALL$

$NVDA 20230908 475.0 CALL$

$AMD 20230901 135.0 CALL$

$AI 20230915 42.5 PUT$

Note: This image data is from Tiger PC. This screening is a significant buy open position for options contracts in the market. The purchase of a call option means that the trader believes that the underlying has upward momentum, and the purchase of a put option means that the trader believes that the underlying has downward momentum. These contract openings typically indicate significant activity in the underlying stock, including whether the trader is willing to accumulate a long or short option position.

Option seller open position (Single leg)

Highlight order:

$NKLA 20230804 2.0 PUT$

$AAPL 20230908 190.0 PUT$

$GOOGL 20230818 143.0 CALL$

Note: This image data is from Tiger PC. This screen is a significant sell open position for an option contract in the market. A sell of a call option means that the trader believes that the underlying trend has peaked, and a sell of a put option means that the trader believes that the underlying trend has bottomed. These contract openings typically indicate significant activity in the underlying stock, including whether the trader is willing to accumulate a long or short option position.

Options portfolio open position

Note: This image data is from Tiger PC. This screening is a significant portfolio of options contracts in the market. Portfolio opening includes a variety of underlying trends, requiring traders to further master the basic knowledge of options for analysis and judgment.